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1. An extended warranty typically results in the seller: A - Accruing an expense for anticipated warranty costs at the time the warranty is sold.
1. An extended warranty typically results in the seller: A - Accruing an expense for anticipated warranty costs at the time the warranty is sold. B -Estimating the contingent liability associated with the warranty at the time the warranty is sold. C- Recognizing revenue over the life of the extended warranty. D-Refunding warranty payments upon expiration of the warranty.
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